43000 here we go?
Dow Jones Industrial Average forum
43000 here we go?
On the Hourly that is in Bullish (directional) Market Bias, after the Swing High of 42,346 was breached, the Bullish Trendline (in green dotted line) was readjsted. You can see that it's closer to current price action.
The bullish thrust is waning for a coming retracement.
Any drop down, then crossing of the trendline to the right of it would flip the market bias from Bullish to Bearish Market Bias for profitable moves to the downside. This would help in creating the last leg of the giant M-shaped pattern for a long bearish trend.
